Following extracted from ABC News app 1st March 2023:
QUOTE
Australia Post's weekday letter-delivery obligations are "no longer financially sustainable" and need to be reviewed, according to a new consultation paper released as part of a federal government review of the postal service.
Key points:
- Australia Post is expected to run at a loss this year for the first time since 2015
- The government has flagged changes to the rules it operates under to keep it financially sustainable
- At the moment it is obliged to deliver letters to 98 per cent of Australian homes every weekday.
The government has launched a sweeping review of Australia Post's business model with an eye to scaling back its deeply unprofitable letter delivery service to prioritise its fast-growing parcel service instead. Australia Post is entirely government-owned but also entirely self-funded, and works under strict obligations to provide near-universal letter deliveries to Australian homes five days a week and operate post offices close to homes.
END QUOTE
Doesn't appear there will be any positive change then huh?